October 8, 2025
Golub & Banner Break Ground on Waterset’s Final Apartment Development
Golub & Company (“Golub”) and Banner Real Estate Group and/or its affiliated entity(ies) (“Banner”) today announced the groundbreaking of a 400-unit luxury apartment community in Apollo Beach, Florida. Located at 6202 Harmony Shore Loop, the project will occupy the final multifamily site in the 2,734-acre master-planned mixed-use community known as Waterset.
The new development will deliver one-, two-, and three-bedroom apartment homes featuring upscale finishes, including quartz countertops, shaker cabinetry, smart thermostats, and luxury vinyl plank flooring. Amenities will include a resort-style pool with cabanas, clubhouse, fitness center, coworking spaces, dog park, EV charging stations, and more.
Located 12 miles south of downtown Tampa, Waterset offers miles of trails, parks, and open space, along with proximity to major employers such as Port Tampa Bay, St. Joseph’s Hospital South, and Amazon’s one-million-square-foot distribution center. The Moffitt Cancer Center, along with a new grocery-anchored retail center currently under development across the street from the site, is expected to further enhance the area’s appeal.
“Breaking ground on this project marks an exciting step toward bringing high-quality housing to one of Tampa’s strongest submarkets,” said Ryan Lovell, Chief Investment Officer at Golub & Company. “With Waterset’s exceptional amenities and convenient access to employment, healthcare, and retail, this new project will offer residents an incredible lifestyle,” added Trent Acuff, Chief Investment Officer at Banner.
“We are proud to partner with two top-tier sponsors in delivering high-quality rental housing product to this sought-after market,” added Travis Skelton, Managing Partner at Eldridge Acre Partners, who completed the capitalization via structured equity. “Waterset represents a unique opportunity to support thoughtful growth in the Tampa region, and we are pleased to play a role in bringing the final multifamily phase of the community to life.”
Golub, Banner, and EAP have partnered with Summit Contracting Group, Dynamik Design and Dynamik Interiors to bring the community to life, with an anticipated completion date of 2027. The development will provide thoughtfully designed residences that complement Waterset’s vision and support Apollo Beach’s continued growth.
About Golub & Company
Golub & Company has cultivated a reputation as an active, skilled owner, developer and property manager. The firm is recognized as an industry leader with an effective, hands-on approach from seasoned professionals with high-profile real estate experience. Golub and its affiliates have owned, leased or managed more than 75 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $20 billion located across the U.S. and internationally. For more information, please visit https://golubandcompany.com/.
About Banner Real Estate Group
Founded in 1989 and based in Chicago, Banner Real Estate Group and/or its affiliated entity(ies) (“Banner”) acquires, manages, and develops multifamily properties, acquires and develops self-storage properties, and acquires industrial properties, across the U.S. Banner is a family-owned, independent real estate investment firm led by an experienced, tenured team and a majority independent Board of Directors. With over $2 billion of investments since inception, Banner’s steadfast focus has been on capital preservation, value creation, and wealth generation for our high-net-worth investors, family offices, and institutional partners.
About Eldridge Acre Partners
Eldridge Acre Partners (“EAP”) is a privately held real assets investment management firm operating in strategic partnership with Eldridge Industries. EAP combines the expertise of seasoned investment specialists with a dedicated team of design and construction professionals, offering flexible capital solutions across a broad range of real asset strategies. This integrated approach allows EAP to deliver strategic, risk-aware solutions for a global and diverse investor base. EAP is the successor operating business to AECOM Capital Real Estate and provides support in respect of AECOM Capital’s existing investments and related investment vehicles. EAP is an independently owned and operated firm unaffiliated with AECOM. To learn more about Eldridge Acre Partners, please visit www.eldridgeacre.com